$NOW (1D): BUY-THE-DIP Zone ACTIVE ($105 - $118)ServiceNow, Inc.BATS:NOWColdBloodedCharterEntry #6: NOW (ServiceNow) Or rather, the add-to-position zone. In my last update, I outlined a scaling-in area between $105 and $118, split into three tranches. The $118 buy has already been filled, and I expect at least $112 to print, as there's an unfilled gap all the way down to $111. Gaps tend to have two important characteristics: they usually get filled quickly, and they often act as support. $105 is also a realistic possibility. That's where the Golden Pocket retracement of Elliott Wave 3 sits, making it a very strong support area. It's also a major Point of Interest (POI) on the volume profile. Just a few cents below $105 was the top of Elliott Wave 1, and the current corrective Wave 4 of this new bullish trend should not move below that level. If price breaks below $105, the Elliott Wave count becomes invalid according to the rules. I think the odds of that happening are fairly low. The company posted excellent earnings, has already gone through a prolonged correction, and anyone who wanted to sell has likely already done so. The bulls are back in the market, which is visible not only in the volume behind the green candles, but also in the fact that the last three sessions produced progressively smaller red candles. On top of that, a bullish hidden RSI divergence has appeared, significantly increasing the probability of continuation to the upside. I mentioned previously that a correction was necessary because RSI had become extremely overheated—which is actually a positive sign for trend strength. The issue has now resolved itself: RSI cooled off faster than price, and that's exactly what you want to see when buying a dip. In one sentence: $105–$118 is my primary accumulation zone. A daily close below $105 would be the first warning sign that something may be breaking down. Below $102, I start getting concerned. Below $99, I reduce the position by one tranche. 💙👽